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Investors seem to be increasingly worried about a trade war with China, as President Donald Trump has increased the ante on the Asian economic powerhouse as part of long-running trade tensions between the two nations. Trump has raised tariffs on $200 billion in Chinese goods from 10% to 25%. He also said that the U.S. could enact new tariffs of 25% on $325 billion more Chinese goods. Here we discuss a number of sectors that could be affected by the changes in tariff policy and those investments that are more geared for investors looking to avoid the ongoing trade negotiations and maybe even profit from them. The new 25% tariffs apply to a range of consumer goods, including home appliances, carpet, shampoo and even seafood. It also applies to chemicals, steel and aluminum. So investors may want to stay away from sectors that use those products as inputs. After the first round of tariffs were imposed by the U.S. last year, China initially retaliated with tariffs of 5% to 10% on $60 … [Read more...] about Five ways to protect your portfolio against increased tariffs

Barring a last-minute miracle in the form of a committed benefactor, Keith Roynon’s dinosaur museum in Escondido will close for good next month.“We’re running out of time,” said Jeannie Nutter, director of the Roynon Museum of Earth Science and Paleontology. “We need someone, a company or someone, who could give us $75,000 a year for five years.”The museum, which has been in its Grand Avenue location across the street from the old Palomar Hospital building for the past four years, is making enough money to pay the rent and the electric bills. But it’s been operating with only one paid staff member all this time while Roynon, who will turn 82 this summer, has been putting in long hours, six days a week, as an instructor to thousands of school children and as a docent always there with a greeting smile.“He needs to retire,” Nutter said. “It’s time. He’s noticing it. We call him the energizer bunny but he’s … [Read more...] about A dinosaur museum in Escondido may become extinct

LOS ANGELES – The scene looks almost like a giant 3-D chessboard. Box-shaped robots scoot across a grid high above the warehouse floor, moving up and down as they pluck items from among 30,000 bins filled with Best Buy's bestselling orders. "They never get tired and they never get sick," said Rhett Briggs, general manager of a new Best Buy fulfillment center that opened in the Los Angeles suburb of Compton, Calif., in November. Located in one corner of an existing appliance warehouse, the automated system is designed specifically to handle the retailer's skyrocketing digital sales — and customers' need for speedy delivery. "That's the name of the game," said Rob Bass, Best Buy's chief supply-chain officer. "How do we get closer to customers and fulfill orders faster." Amazon made headlines in April when it said it would spend $800 million in the second quarter to make one-day shipping the default of its Prime members. Walmart followed suit, aiming to make it available to … [Read more...] about How Best Buy is meeting the need for speed

Mogomotsi Magome, Associated Press Updated 5:56 am PDT, Saturday, May 25, 2019 African National Congress party (ANC) supporters gather for the swearing-in ceremony for South African President Cyril Ramaphosa at Loftus Versfeld stadium in Pretoria, South Africa, Saturday, May 25, 2019. Ramaphosa has vowed to crack down on the corruption that contributed to the ruling ANC' s weakest election showing in a quarter-century. less African National Congress party (ANC) supporters gather for the swearing-in ceremony for South African President Cyril Ramaphosa at Loftus Versfeld stadium in Pretoria, South Africa, Saturday, May 25, 2019. ... more Photo: Jerome Delay, AP Photo: Jerome Delay, AP Image 1 of / 49 Caption Close Image 1 of 49 African National Congress party (ANC) supporters … [Read more...] about ‘Huge’ challenges as Ramaphosa takes oath in South Africa